Moody’s Spots Trouble Ahead For Thermal Sector In Europe: We’ve

We’ve been casting an envious eye on the growth of renewable energy in Europe, especially Germany, and here comes Moody’s Investors Service with a warning that the trend has been so strong that it’s threatening the credit quality of thermal generation companies. That’s all well and good in terms of renewables crowding out fossil fuels, but the down side of Moody’s renewable energy report is that at least some conventional power plants will still be needed in the foreseeable future to keep up with peak demand. Energy planners are going to have to come up with some new incentives to keep them running, and that could spell trouble for ratepayers.